Financial Performance - The company's revenue for Q3 2022 was ¥84,977,007.68, representing a decrease of 18.81% year-on-year, while the revenue for the year-to-date period was ¥193,987,879.95, down 41.07% compared to the same period last year[5] - The net profit attributable to shareholders for Q3 2022 was -¥1,508,235.12, a decline of 121.32% year-on-year, and the year-to-date net profit was -¥46,385,385.87, down 261.14% compared to the previous year[5] - The basic and diluted earnings per share for Q3 2022 were both -¥0.01, reflecting a decrease of 125.00% year-on-year, while the year-to-date figures were -¥0.23, down 264.29%[5] - The company's operating revenue for Q3 2022 was CNY 193,987,879.95, a decrease from CNY 329,174,255.61 in the same period last year, representing a decline of approximately 41%[21] - The net profit for Q3 2022 was a loss of CNY 46,385,385.87, compared to a profit of CNY 28,786,393.24 in Q3 2021, marking a significant decline[22] - The company reported a total comprehensive income of CNY -46,382,172.40 for Q3 2022, compared to CNY 28,796,371.14 in the same quarter of the previous year[22] Assets and Liabilities - The company's total assets at the end of Q3 2022 were ¥1,070,925,870.78, a decrease of 7.14% from the end of the previous year[5] - As of September 30, 2022, total assets amounted to CNY 1,070,925,870.78, down from CNY 1,153,302,419.55 at the beginning of the year, representing a decline of 7.1%[18] - The total liabilities as of September 30, 2022, were CNY 93,920,938.19, slightly down from CNY 99,785,070.31, indicating a decrease of 5.8%[18] - The equity attributable to shareholders decreased to CNY 977,004,932.59 from CNY 1,053,517,349.24, reflecting a decline of 7.2%[18] Cash Flow - The net cash flow from operating activities decreased by 99.74% year-on-year, primarily due to reduced cash receipts from sales and increased cash payments for goods and services[12] - The cash flow from operating activities generated a net cash inflow of CNY 194,060.71, a sharp decrease from CNY 75,766,482.22 in the previous year[24] - The company's cash and cash equivalents decreased to CNY 222,421,052.02 from CNY 263,825,523.16, a reduction of 15.7%[17] - The company’s cash and cash equivalents at the end of Q3 2022 were CNY 222,421,052.02, down from CNY 283,780,896.81 at the end of Q3 2021[25] - The investment activities generated a net cash inflow of CNY 6,549,271.63, contrasting with a net outflow of CNY -408,231,068.42 in the same period last year[24] Shareholder Information - The company reported a total of 24,084 ordinary shareholders at the end of the reporting period[12] - The largest shareholder, Tianjin Guifaxiang Mafa Catering Group Co., Ltd., holds a 33.99% stake in the company[12] - The controlling shareholder, Tianjin Guifaxiang Snack Group, increased its stake to 33.99% by acquiring an additional 2,014,800 shares[14] Operational Challenges and Strategies - The company faced significant pressure on production costs due to rising raw material prices and a decrease in production volume, leading to a decline in gross profit margin[10] - The company launched new products and increased promotional activities during the Mid-Autumn Festival to mitigate the impact of ongoing pandemic restrictions on sales[10] - The company plans to continue expanding its market presence and product offerings in the upcoming quarters[14] Changes in Management - The board of directors has undergone changes with the appointment of new non-independent directors following the resignation of previous members[14] Research and Development - Research and development expenses increased to CNY 4,253,126.09 from CNY 3,660,092.78, reflecting a growth of approximately 16%[21] Other Financial Metrics - Total operating costs amounted to CNY 246,489,596.20, down from CNY 297,867,006.19, indicating a reduction of about 17%[21] - The company incurred financial expenses of CNY -988,063.69, a significant improvement compared to CNY -4,131,150.76 in the previous year[21] - The company reported accounts receivable of CNY 19,212,951.24, an increase of 27.2% from CNY 15,062,557.54 at the beginning of the year[17] - The inventory decreased to CNY 36,245,736.93 from CNY 45,956,234.23, a decline of 21.2%[17]
桂发祥(002820) - 2022 Q3 - 季度财报